Mutual Advisors LLC Makes New Investment in SAP SE (NYSE:SAP)

Mutual Advisors LLC purchased a new position in SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 889 shares of the software maker's stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc. grew its stake in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares during the period. Northern Trust Corp grew its stake in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after purchasing an additional 701,880 shares during the period. JPMorgan Chase & Co. grew its stake in SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. Bank of America Corp DE grew its stake in SAP by 5.7% in the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock worth $323,720,000 after purchasing an additional 70,613 shares during the period. Finally, GAMMA Investing LLC grew its stake in SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SAP. Barclays reaffirmed an "overweight" rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. BMO Capital Markets raised their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, Argus restated a "buy" rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, SAP has a consensus rating of "Buy" and a consensus target price of $271.83.

SAP Stock Performance

NYSE SAP traded down $5.22 during trading hours on Friday, hitting $300.99. The company's stock had a trading volume of 1,105,063 shares, compared to its average volume of 1,093,398. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The company's 50 day simple moving average is $299.07 and its two-hundred day simple moving average is $279.28. The company has a market cap of $369.77 billion, a P/E ratio of 57.66, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. As a group, sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.